#Btc #USDT🔥🔥🔥
The price of ETH fell from 3.4K USD to 1.8K USD this year, while the number of transactions stayed remarkably stable and, in fact, moved back close to its highs in recent months. That’s the real story of this chart: network usage didn’t collapse along with the price; it barely flinched.
Look at January versus August. The price dropped by about 50% over that period, but daily transactions in August—which regularly reach between 2.8M and 3M—are actually higher than January’s reference point, which was around 2M. If anything, activity was up while the price headed the other way.
June’s low is the most interesting stretch here. The price hit bottom around 1.6K USD right when the transaction count also fell to its lowest point in the dataset; on one occasion, both indicators bottomed out together. That’s the only stretch where price and usage advanced in sync; anywhere else on this chart, they diverge.
The price of ETH fell from 3.4K USD to 1.8K USD this year, while the number of transactions stayed remarkably stable and, in fact, moved back close to its highs in recent months. That’s the real story of this chart: network usage didn’t collapse along with the price; it barely flinched.
Look at January versus August. The price dropped by about 50% over that period, but daily transactions in August—which regularly reach between 2.8M and 3M—are actually higher than January’s reference point, which was around 2M. If anything, activity was up while the price headed the other way.
June’s low is the most interesting stretch here. The price hit bottom around 1.6K USD right when the transaction count also fell to its lowest point in the dataset; on one occasion, both indicators bottomed out together. That’s the only stretch where price and usage advanced in sync; anywhere else on this chart, they diverge.